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Just in case you missed what’s going on in France: the status quo in Europe is doomed.The status quo has a simple fix for every crisis and systemic problem:1. create currency out of thin air2. give it to super-wealthy banks, financiers and corporations…

A global debt crisis threatens to trigger a stock market crash in 2019, and too many people are unaware.
While there’s no easy way out of this debt crisis, you can protect yourself by owning one asset…
Tags: stock market crash

Monday was a terrible day in the stock market. The S&P 500 had a new closing low for the year. It briefly touched a new intraday low. In my book, this is a bear market, despite the media nonsense that it’s only a bear market if it’s down 20%. By the time the market averages are down that much, many mutual funds and individual stocks will be down more. Would you want to sit through that?

I hope that you followed my advice earlier in the year, and took your money home and let it hug you while everyone else was feeling the pain. If you have, great!

I’d accept these gifts gratefully and take advantage to lighten up big time. Bear markets typically last 18 to 30 months and this one is just starting. I see no reason why it might be more benign is than typical.

The price of silver managed to hold onto recent gains this week, despite renewed dollar strength.
Volatility has been soaring as the market’s been thrashing around, with the S&P 500 down another 5% in the last five trading days.

We’ve found a chart that all but proves that the next stock market crash now is inevitable – and could strike at any time.
You see, the primary strategies used to bring the economy back from the 2009 financial crisis are about to backfire. And the indi…

The price of gold is rising as we approach the December FOMC meeting and another possible rate hike.
In fact, the metal closed at a five-month high earlier this month.
But this week will be pivotal for the price of gold, and here’s why…

New home sale figures are out for December and they showed a Month-over-month (MoM) decline of -9.3%. However, on a YoY basis, new home sales rose +14.4%.

The biggest loser? The midwest, likely attributable to the Cleveland Browns winless season and the Cleveland Cavaliers trading their star point guard (Kyrie Irvin) to the Boston Celtics for a ball hog (Isiah Thomas) and a second-string power forward (Jae Crowder), declined -10% MoM. Or the blasting cold of midwest winters.

If we compare new home sales to existing home sales, notice that existing home sales (blue line) recovered faster than new home sales (white line) since the house price bubble burst and ensuing financial crisis and recession (purple line). Despite the growth in the US population, new home sales are at 1993 levels.

Liquidity moves markets!

Like existing home sales, new home sales are plagued by a lack of new construction and inventory.

The lack of growth in new home sales is directly linked to the decline in sub-602 FICO borrowers applying for a mortgage.

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